Coca-Cola HBC AG (FRA:C0Q) LT-Debt-to-Total-Asset : 0.25 (As of Dec. 2023)

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What is Coca-Cola HBC AG LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Coca-Cola HBC AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.25.

Coca-Cola HBC AG's long-term debt to total assets ratio declined from Dec. 2022 (0.31) to Dec. 2023 (0.25). It may suggest that Coca-Cola HBC AG is progressively becoming less dependent on debt to grow their business.

Coca-Cola HBC AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Coca-Cola HBC AG's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Coca-Cola HBC AG LT-Debt-to-Total-Asset Chart

Coca-Cola HBC AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.31

0.35

0.30

0.31

0.25

Coca-Cola HBC AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.30	0.26	0.31	0.31	0.25

Coca-Cola HBC AG LT-Debt-to-Total-Asset Calculation

Coca-Cola HBC AG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	2476.4	/	9879.6
	=	0.25

Coca-Cola HBC AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	2476.4	/	9879.6
	=	0.25

Coca-Cola HBC AG (FRA:C0Q) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Coca-Cola HBC AG LT-Debt-to-Total-Asset Related Terms

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Coca-Cola HBC AG (FRA:C0Q) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola HBC AG (FRA:C0Q) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CCHGY:USA CCHBF:USA EEE:Greece CCHl:UK CCH:UK

Address

Turmstrasse 26, Steinhausen, CHE, CH-6312

Website

https://www.coca-colahellenic.com

Coca-Cola HBC, or HBC, is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola FEMSA and Coca-Cola Europacific Partners, or CCEP. In 2022, HBC sold 2.7 billion unit cases of beverages. For context, Coke's largest bottler, Coke FEMSA, sold 3.75 billion unit cases in Latin America, and the second-largest, CCEP, serving Europe, Southeast Asia, and the South Pacific region, sold 3.3 billion unit cases. There is a long tail of Coke distributors, including brewers and independent operators with very small distribution territories.HBC is listed on the LSE. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of HBC, and The Coca-Cola Company, or TCCC, holds a further 21%. The remaining 56% is free float.

Coca-Cola HBC AG (FRA:C0Q) Headlines

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